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Title: bank help please Post by: sofa----king on August 09, 2007, 11:22:34 PM anybody know if a chaps bank transfer can be cancelled after its been in your account ???
thanks ironside dont answer lol./,.,. Title: Re: bank help please Post by: Geo the Sarge on August 10, 2007, 12:01:16 AM Going by you're previous thread, it was a same day transfer, therefore I believe it cannot be cancelled, a 3 day bacs TV can be within the 1st 2 days.
Geo Title: Re: bank help please Post by: The_duke on August 10, 2007, 12:04:09 AM There is NO way repeat NO way (other than a court order) that the money once lodged can be reveresed -- lol nice people do exist
Title: Re: bank help please Post by: lazaroonie on August 10, 2007, 12:40:08 AM There is NO way repeat NO way (other than a court order) that the money once lodged can be reveresed -- lol nice people do exist This is correct. Tayeb vs HSBC 1995. Title: Re: bank help please Post by: RichEO on August 10, 2007, 03:24:40 AM There is NO way repeat NO way (other than a court order) that the money once lodged can be reveresed -- lol nice people do exist How do you know that? Your an IT guy not a bank guy. Title: Re: bank help please Post by: Graham C on August 10, 2007, 09:33:49 AM There is NO way repeat NO way (other than a court order) that the money once lodged can be reveresed -- lol nice people do exist That's not correct, I've had money deposited into my account by accident before and have had to give it back. Certainly no court order was needed then and I'd have been in trouble had I taken it out. Where's Ed when you need him, he's a banking person :point a camera in this thread: :D Title: Re: bank help please Post by: matt674 on August 10, 2007, 09:48:33 AM There is NO way repeat NO way (other than a court order) that the money once lodged can be reveresed -- lol nice people do exist That's not correct, I've had money deposited into my account by accident before and have had to give it back. Certainly no court order was needed then and I'd have been in trouble had I taken it out. Where's Ed when you need him, he's a banking person :point a camera in this thread: :D there is a difference though between you having to give the money back because someone else has made a mistake and the money being taken back without your knowledge or consent once it had been deposited in your account Title: Re: bank help please Post by: kinboshi on August 10, 2007, 10:05:06 AM If it's a deposit for goods that aren't delivered - what's the legal position there?
Surely in that case the £5K would have to be returned? Hopefully it's all sound Sofa - and he's genuine. Title: Re: bank help please Post by: kvnstv on August 10, 2007, 10:08:07 AM If a chaps payment is made to the incorrect account you have to petition the account holder to return the money, If they refuse then its matter for the courts. If however the recipient knowingly spend's that money they will be held legally responsible for its reimbursement, there are dozens of case precedents just look on teh interweb. When we have an issue here we send a letter to the account holder explaining the situation and of there likely obligation to return the money. When its one of our customers who sends it to the wrong account, we contact the receiving account holder bank, who in turn contact the account holder and if they refuse they contact us and we take action on our customers behalf.
That information’s from the Director of Operations at the bank I work in, so its sound as pound. Title: Re: bank help please Post by: lazaroonie on August 10, 2007, 10:08:40 AM There is NO way repeat NO way (other than a court order) that the money once lodged can be reveresed -- lol nice people do exist That's not correct, I've had money deposited into my account by accident before and have had to give it back. Certainly no court order was needed then and I'd have been in trouble had I taken it out. Where's Ed when you need him, he's a banking person :point a camera in this thread: :D In terms of a chaps payment it is indeed quite correct. There is NO WAY a bank can reverse a CHAPS payment. Read this : http://www.out-law.com/page-4731 Title: Re: bank help please Post by: lazaroonie on August 10, 2007, 10:10:28 AM If it's a deposit for goods that aren't delivered - what's the legal position there? Surely in that case the £5K would have to be returned? Hopefully it's all sound Sofa - and he's genuine. you cant mix up the two transactions, the delivery of the goods is completely seperate and non dependant on the contract that exists when you make a 3rd party payment via CHAPS. Title: Re: bank help please Post by: mex on August 10, 2007, 07:05:19 PM goooooooood evening I am calling from your bank. If you could answerrr a few security questions...............
What is your bank acct no , and youuuuuuur sort code |